After suffering bloodiest blow on Monday, Sensex opens in green

New Delhi :Raising the spectre of another carnage in the Indian stock market tomorrow, global shares went into a tailspin today, with European and US stocks tumbling as concerns over Chinese economy rattled investors worldwide.

Stocks from London to Paris to New York all bled, tracking heavy meltdown in Asian markets led by China.

Key European stock indices were sharply down—as much as 8 per cent in late-afternoon trade. The US shares too started off on a shaky note, registering a significant fall, with benchmark 30-share Dow index dropping over 3 per cent.

India’s benchmark Sensex took the bloodiest blow of its lifetime, crashing 1,624.51 points, or 5.94 per cent, to close at 25,741.56 points. The sell-off was across sectors, including energy, banking, auto, IT, infrastructure and real estate.